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Side-by-side financial comparison of CVR ENERGY INC (CVI) and UGI CORP (UGI). Click either name above to swap in a different company.
UGI CORP is the larger business by last-quarter revenue ($2.7B vs $2.0B, roughly 1.4× CVR ENERGY INC). UGI CORP runs the higher net margin — 19.4% vs -8.1%, a 27.4% gap on every dollar of revenue. On growth, CVR ENERGY INC posted the faster year-over-year revenue change (20.3% vs 0.7%). Over the past eight quarters, UGI CORP's revenue compounded faster (40.9% CAGR vs 0.3%).
CVR Energy Inc is a United States-based energy holding company operating two core segments: petroleum refining and nitrogen fertilizer manufacturing. It produces a wide range of products including gasoline, diesel, jet fuel, and agricultural fertilizers, primarily serving commercial, industrial and agricultural customers across North America.
UGI Corporation is a natural gas and electric power distribution company headquartered in King of Prussia, Pennsylvania, with extensive operations in the United States and Europe.
CVI vs UGI — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $2.7B |
| Net Profit | $-160.0M | $520.0M |
| Gross Margin | -5.2% | — |
| Operating Margin | — | 9.3% |
| Net Margin | -8.1% | 19.4% |
| Revenue YoY | 20.3% | 0.7% |
| Net Profit YoY | -56.1% | -2.4% |
| EPS (diluted) | $-1.91 | $2.33 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $2.0B | $2.7B | ||
| Q4 25 | $1.8B | $2.1B | ||
| Q3 25 | $1.9B | $1.2B | ||
| Q2 25 | $1.8B | $1.4B | ||
| Q1 25 | $1.6B | $2.6B | ||
| Q4 24 | $1.9B | $2.0B | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $2.0B | $1.4B |
| Q1 26 | $-160.0M | $520.0M | ||
| Q4 25 | $-110.0M | $297.0M | ||
| Q3 25 | $374.0M | $-13.0M | ||
| Q2 25 | $-114.0M | $-163.0M | ||
| Q1 25 | $-123.0M | $479.0M | ||
| Q4 24 | $28.0M | $375.0M | ||
| Q3 24 | $-124.0M | $-273.0M | ||
| Q2 24 | $21.0M | $-48.0M |
| Q1 26 | -5.2% | — | ||
| Q4 25 | -3.1% | — | ||
| Q3 25 | 28.8% | — | ||
| Q2 25 | -3.7% | — | ||
| Q1 25 | -5.5% | — | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | -3.9% | — | ||
| Q2 24 | 2.9% | — |
| Q1 26 | — | 9.3% | ||
| Q4 25 | -5.3% | 22.0% | ||
| Q3 25 | 26.3% | 1.1% | ||
| Q2 25 | -5.8% | -6.8% | ||
| Q1 25 | -8.0% | 26.6% | ||
| Q4 24 | 1.1% | 24.5% | ||
| Q3 24 | -6.2% | -20.4% | ||
| Q2 24 | 1.4% | 5.0% |
| Q1 26 | -8.1% | 19.4% | ||
| Q4 25 | -6.1% | 14.4% | ||
| Q3 25 | 19.2% | -1.1% | ||
| Q2 25 | -6.5% | -12.0% | ||
| Q1 25 | -7.5% | 18.2% | ||
| Q4 24 | 1.4% | 18.9% | ||
| Q3 24 | -6.8% | -22.6% | ||
| Q2 24 | 1.1% | -3.6% |
| Q1 26 | $-1.91 | $2.33 | ||
| Q4 25 | $-1.09 | $1.34 | ||
| Q3 25 | $3.72 | $-0.08 | ||
| Q2 25 | $-1.14 | $-0.76 | ||
| Q1 25 | $-1.22 | $2.19 | ||
| Q4 24 | $0.28 | $1.74 | ||
| Q3 24 | $-1.24 | $-1.26 | ||
| Q2 24 | $0.21 | $-0.23 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $512.0M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | — |
| Total Assets | $3.9B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $512.0M | — | ||
| Q4 25 | $511.0M | $251.0M | ||
| Q3 25 | $670.0M | $335.0M | ||
| Q2 25 | $596.0M | $350.0M | ||
| Q1 25 | $695.0M | $426.0M | ||
| Q4 24 | $987.0M | $240.0M | ||
| Q3 24 | $534.0M | $213.0M | ||
| Q2 24 | $586.0M | $183.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $6.0B | ||
| Q3 25 | $1.8B | $6.5B | ||
| Q2 25 | $1.8B | $5.7B | ||
| Q1 25 | $1.9B | $6.6B | ||
| Q4 24 | $1.9B | $6.6B | ||
| Q3 24 | $1.6B | $6.4B | ||
| Q2 24 | $1.6B | $6.3B |
| Q1 26 | — | — | ||
| Q4 25 | $730.0M | $5.0B | ||
| Q3 25 | $840.0M | $4.8B | ||
| Q2 25 | $466.0M | $4.9B | ||
| Q1 25 | $580.0M | $5.0B | ||
| Q4 24 | $703.0M | $4.6B | ||
| Q3 24 | $675.0M | $4.3B | ||
| Q2 24 | $849.0M | $4.7B |
| Q1 26 | $3.9B | — | ||
| Q4 25 | $3.7B | $15.8B | ||
| Q3 25 | $4.0B | $15.5B | ||
| Q2 25 | $4.0B | $15.4B | ||
| Q1 25 | $4.3B | $15.7B | ||
| Q4 24 | $4.3B | $15.4B | ||
| Q3 24 | $3.9B | $15.1B | ||
| Q2 24 | $4.0B | $15.1B |
| Q1 26 | — | — | ||
| Q4 25 | 2.40× | 1.19× | ||
| Q3 25 | 2.17× | 1.37× | ||
| Q2 25 | 3.97× | 1.17× | ||
| Q1 25 | 3.29× | 1.32× | ||
| Q4 24 | 2.71× | 1.44× | ||
| Q3 24 | 2.33× | 1.48× | ||
| Q2 24 | 1.86× | 1.34× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | — |
| Free Cash FlowOCF − Capex | $21.0M | — |
| FCF MarginFCF / Revenue | 1.1% | — |
| Capex IntensityCapex / Revenue | 1.5% | 4.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $0 | $66.0M | ||
| Q3 25 | $163.0M | $90.0M | ||
| Q2 25 | $176.0M | $289.0M | ||
| Q1 25 | $-195.0M | $684.0M | ||
| Q4 24 | $98.0M | $164.0M | ||
| Q3 24 | $48.0M | $151.0M | ||
| Q2 24 | $81.0M | $390.0M |
| Q1 26 | $21.0M | — | ||
| Q4 25 | — | $-155.0M | ||
| Q3 25 | $125.0M | $-168.0M | ||
| Q2 25 | $135.0M | $67.0M | ||
| Q1 25 | $-246.0M | $538.0M | ||
| Q4 24 | $43.0M | $-47.0M | ||
| Q3 24 | $14.0M | $-115.0M | ||
| Q2 24 | $38.0M | $185.0M |
| Q1 26 | 1.1% | — | ||
| Q4 25 | — | -7.5% | ||
| Q3 25 | 6.4% | -14.4% | ||
| Q2 25 | 7.7% | 4.9% | ||
| Q1 25 | -14.9% | 20.4% | ||
| Q4 24 | 2.2% | -2.4% | ||
| Q3 24 | 0.8% | -9.5% | ||
| Q2 24 | 1.9% | 13.7% |
| Q1 26 | 1.5% | 4.7% | ||
| Q4 25 | 3.0% | 10.7% | ||
| Q3 25 | 2.0% | 22.1% | ||
| Q2 25 | 2.3% | 16.3% | ||
| Q1 25 | 3.1% | 5.5% | ||
| Q4 24 | 2.8% | 10.6% | ||
| Q3 24 | 1.9% | 22.0% | ||
| Q2 24 | 2.2% | 15.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.22× | ||
| Q3 25 | 0.44× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 1.43× | ||
| Q4 24 | 3.50× | 0.44× | ||
| Q3 24 | — | — | ||
| Q2 24 | 3.86× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CVI
Segment breakdown not available.
UGI
| Utilities | $880.0M | 33% |
| AmeriGas Propane | $759.0M | 28% |
| UGI International | $621.0M | 23% |
| Other | $425.0M | 16% |
